Wealth Growth Daily

Economy

Atlantia exit highlights Milan’s battle to retain market heavyweights

BY Reuters  • November 25, 2022November 25, 2022
By Elisa Anzolin MILAN (Reuters) – The buyout of Atlantia will cut another 19 billion euros ($19.5 billion) from the value of the Milan bourse and bring to 12 the number of companies to leave th[...]
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Business Economy Europe Updated

Exclusive-China central bank to offer cheap loans to support developers’ bonds-sources

BY Reuters  • November 25, 2022November 25, 2022
By Julie Zhu and Engen Tham HONG KONG/SHANGHAI (Reuters) -China’s central bank will offer cheap loans to financial firms for buying bonds issued by property developers, four people with direct k[...]
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Asia Business Economy Politics Updated

Analysis-Out of fashion: Gucci faces daunting task to replace top designer

BY Reuters  • November 25, 2022November 25, 2022
By Mimosa Spencer PARIS (Reuters) – The abrupt departure from Gucci of Alessandro Michele, the flamboyant designer who was a favourite of Harry Styles and Lady Gaga, increases pressure on owner[...]
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Business Economy Europe Updated

Russian rouble edges up in narrow trading range vs dollar

BY Reuters  • November 25, 2022November 25, 2022
MOSCOW (Reuters) – The Russian rouble strengthened on Friday, trading in a narrow range between 60 and 61 to the dollar as it has for much of the week, supported by exporters buying roubles to c[...]
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Asia Business Economy Europe

Marketmind: Hangover

BY Reuters  • November 25, 2022November 25, 2022
A look at the day ahead in European and global markets from Tom Westbrook Treasuries emerged from Thanksgiving in fine fettle, but other assets were a little slower off the mark in Asia, with traders[...]
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Asia Business Economy Europe UK US

Exclusive: Foxconn woes could hit at least 30% of iPhone Nov shipments from China plant – source

BY Reuters  • November 25, 2022November 25, 2022
TAIPEI (Reuters) – Production of Apple Inc’s iPhones could slump by at least 30% at Foxconn’s factory in China’s city of Zhengzhou after worker unrest disrupted operations, a p[...]
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Asia Business Economy Technology Top News US

Singapore financial vulnerability climbs, but still resilient to shocks – MAS

BY Reuters  • November 25, 2022November 25, 2022
By Xinghui Kok SINGAPORE (Reuters) – Singaporean households, corporates and banks have seen an increase in financial vulnerability this year, the city-state’s central bank said on Friday,[...]
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Asia Business Economy

Stocks typically rally in December, investors have some caution this year

BY Reuters  • November 25, 2022November 25, 2022
By David Randall NEW YORK (Reuters) – Investors hoping for the year-end to bring stock market gains after a punishing year have history on their side as U.S. equities traditionally rally during[...]
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Business Economy US

Sri Lankan central bank threatens administrative measures to bring down market rates

BY Reuters  • November 25, 2022November 25, 2022
By Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) – Sri Lanka’s central bank on Thursday threatened administrative intervention to control high market interest rates that it regarded a[...]
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Business Economy Updated
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